Miranda Marquit

5 days ago | wsj.com | Miranda Marquit

Mortgage rates are up, but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.83%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.04%. Interest rates for new mortgages and refinances continue to hover near 7%, contributing to a stifling summer for the economy. The labor market appears to have stalled, with many companies opting not to fill open positions.

5 days ago | wsj.com | Miranda Marquit

Certificates of deposit (CDs) often offer the best rates for savings. However, to get the highest annual percentage yield (APY), you need to agree to keep your money with the financial institution for a set time period. Right now, the best CD rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.66%, according to DepositAccounts.com.

5 days ago | wsj.com | Miranda Marquit

Getting the best rate as a saver has been a little more difficult since the Federal Reserve started cutting its benchmark rate toward the end of 2024. Since the beginning of 2025, Fed officials have adopted a wait-and-see approach due to concerns about tariffs and economic conditions. The central bank again held the federal-funds rate steady in June, but kept the door open for future cuts as it gathers more data on how trade policy will impact inflation.

1 week ago | wsj.com | Miranda Marquit

Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.82%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.00%. Interest rates for new mortgages and refinances continue to hover near 7%, contributing to a stifling summer for the economy. The labor market appears to have stalled, with many companies opting not to fill open positions.

1 week ago | wsj.com | Miranda Marquit

Certificates of deposit (CDs) often offer the best rates for savings. However, to get the highest annual percentage yield (APY), you need to agree to keep your money with the financial institution for a set time period. Right now, the best CD rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.68%, according to DepositAccounts.com.